1/ attention spans are nuking📉so I thought it’d be a brilliant idea to write more...
been posting weekly screenshot essays
here's a running thread of my bite-sized content on consumer crypto, interesting primitives, etc ⬇️
1/ Put together a list of 250+ projects across different NFT verticals
It's time to pay attention to the building blocks that will set the foundation for the next wave of users 👇
1/ With Blur at $133m TVL, i'm shifting focus to Tensor, the Blur of Solana
really impressed with Tensor. NFT OB + AMM combined. i'd group it in the "fast follower" category after Blur
team of 2 built a product that is already on par, if not more feature rich than Blur
Add
@trylolli
to the list of companies likely to infiltrate the masses first
~40% of its users are new to crypto
Marketing & meme power on another level 🚀
1/ TIL ChimpersNFT is crushing socials
More brands need to explore beyond the CT echo chamber
🔹for context, Pudgy Penguins has 49.8k followers, 1.3m likes on tik tok
1/ I’m not sure we’re ready for the magnitude of the degeneracy that is about to occur in the nft markets
At current $looks price of $2.54, over $218m in trading rewards would be dished out over the next 30 days alone
The first trading rewards calc period is live!
Everyone trading any NFTs from eligible collections starting from 00:00am today until 00:00am UTC tomorrow will share 2,866,500 $LOOKS (currently over $5.7M USD) proportionate to their trading volume.
👀💎
0/
@brave
has been quietly making moves to expand its product suite
They recently acquired a search engine and revealed plans to build out complementary crypto products for its userbase as outlined in BAT roadmap V2. My take 👇
0/
@Delphi_Digital
just launched a new portal. 1 day left to lock in your Delphi Research sub price for at least a year before it doubles!
Analysts on our team picked a report they worked on this year to make public to share with CT
I picked Cosmos:
1/ NFTs are the killer app. Design space is wide-open. More parties will scramble to sell shovels in the gold rush
Adoption is playing out differently than in past cycles where CEXs were in the driver's seat
So what's coming next? (NFT infra, financialization of NFTs, etc) 👇
@AutomataEmily
- Wallets are the web 3 superapps
Wallet wars ensue. metamask, multichain, nft-specific etc. metamask token drop fuels frenzy and re-rates private/secondary market vals. vampire attacks on wallets prove to be easier and stickier than other categories
Kind of concerning trend of major NFT projects launching on Ethereum, home of liquidity and users, and then outgrowing it -> exploring other chains
BAYC, Cool Cats, Doodles 2..
Don’t see how these two categories don’t attract an order of magnitude more attention in Q1:
Nftfi - blur/blast. Feb liq unlock. You think they attracted $1b TVL to just have it all go elsewhere on unlock?
Metaverse - $3T company launches Apple vision pro
the biggest problem with crypto is not volatility but answering the question for people but what can I do with it?
refreshing episode on building for things people want
New episode with
@ted_livingston
just dropped! We discuss:
- the secret to Kik's success
- why Ted's building
@getcode
on Solana
- designing consumer products
- the
#1
problem holding crypto back
Spotify:
Youtube:
create fun
- pump fun for meme content (using NFTs)
use multi-modal ai generative model
- (start narrow scope but can go broader w time: image, audio, video, gif, sticker memes)
process
- assets created as offchain content first
- active users earn limited energy per day they
in singapore + tokyo later. would love to catch up. dms open!
keen to jam w founders on consumer crypto
🔹socialfi
🔹gambling/sports
🔹entmt
🔹wellness
🔹gaming
🔹livestreaming
++
🔹NFT primitives
🔹gen z & a gtm
🔹tiktok/YT savvy
🔹UGC/CGC
🔹cons. depin
🔹social VR
0/ Get ready for some even stronger growth of ETH supply sinks. When supply-side liquidity crisis?
We have ETH Leveraged in DeFi, staking is coming in Phase 0 of ETH 2.0 and now the yETH vault is here.
Check out my latest
@Delphi_Digital
Daily:
1/ At
@Sfermion_
we're pumped to back
@GabinMarignier
@iamlaurentbo
& team at Focus Tree🌳
in a world of 24/7 distractions, time is valuable. Focus Tree helps users get better at allocating their time to things that matter the most
some more thoughts on why we're excited 👇
Thrilled to announce our $2M seed round led by
@Sfermion_
with
@VoltCapital
,
@PsalionVC
, and more!
We're building the first social focus app to help millions put down their phone 🌱
Phase 1 of our community airdrop campaign starting in 72h ⏳
🧵👇
once you experience real time money streams by the second, it makes discrete transactions feel boomer
wrote about streaming money and how a cool new socialfi app, alfafrens is showcasing its power to creators
0/ In '18, Vitalik and co went viral for doing the Badger dance at Edcon
Today, Badgers are back in the spotlight but for other reasons
$720m TVL for
@BadgerDAO
. Digg in here to learn more about the project
I haven’t seen much discussion on the second order impacts of nba top shot’s success on
@flow_blockchain
This is how you attract the interest of devs, other sports leagues, conglomerates like Disney, and gain leverage in negotiating IP deals
1/ Pretty remarkable that
@nbatopshot
has more historical sales volume at $608m than CryptoPunks, Meebits, Hashmasks, Sorare, Cryptokitties, BAYC, & ArtBlocks combined
It's permeated into the NBA culture & fanbase
The importance of Brave choosing Solana as the default blockchain for its new wallet is being underlooked
Brave browser has >20% of Firefox MAU & user growth is up only. 46m MAU, 14.7m DAU
Big W for Solana. Browser w/ native wallet is an easy onramp into the Solana ecosystem
Photography NFTs are quickly growing on me
Where My Vans Go by
@DrifterShoots
really highlights the importance of a themed collection and effort that goes into producing such powerful shots
more users come in. no, not like that
more apps launch. no, not like that
more tokens launch. no, not like that
a big theme is everyone getting mad at everything. imo a goal is not be a maxi & become jaded (tho hard tbf)
adoption doesnt alway come the way we envision it
1/ NFT volumes nuked but fairly convicted that volumes in future cycles will dwarf that of last bull cycle
for ref, Opensea pico top of $4.9b vol for Jan' 22 vs $320m Oct '22
a reason why? NFT infra already has visibly done a 10x this past year and only getting rapidly better
Rising tide (growth of DeFi projects) lifts all boats (DEX projects)
Road to DeFi needs more liquidity
Ex.
@KyberNetwork
network effects -> more volume -> more KNC demand/burn
if you are looking for something fun to try on solana
@burger606
is launching an onchain squid games today with a prize pool up to 5k SOL (~$925k)
starts with chance based games and later more skill based
unique nft primitives in play (like self-destructible nfts)
Solana will never be the same again.
Introducing: First ever Squid games on Sol
Eliminate others and win the GRAND prize 🏆
Innovation on the
@wenwencoin
WNS standard.
Solana Token Extensions. Self-destructible NFTs. Best burgers.
🔔 Launching through Tensor, today 5pm UTC
My Delphi Daily: KeeperDAO: A Cooperation Black Hole
@Keeper_DAO
on-chain liquidity underwriter for DeFi. It acts as a decentralized insurance fund for DeFi, enabling users to pool capital to share profits from liquidations and arbs
@Delphi_Digital
0/ As we shift to community owned models, treasury management has risen to prominence. We are moving past the days of ’17 ICO projects simply sitting on $ETH and selling over time to fund operations.
For my recent
@Delphi_Digital
Daily, I dive into this.
arbitrum crushed eco growth 👇
🔸masterclass in community building
🔸well-balanced across pillars: defi, gaming, stables, etc
🔸hit a few moonshot apps that attracted more users/liquidity/devs over
in a world of abundant blockspace, spraying tokens alone is not enough (metis)
@0x_Osprey
Glad white hats jumped in
some SOL maxis gotta chill though. Putting others down after a brutal hack on badger the other day and bragging about no hacks. meanwhile almost 20% of solana's entire TVL was at risk
Almost exactly 2 years ago, a day zero set (all 3 collections) of
@artblocks_io
was abt 0.2 ETH to mint.
Today that same set would cost a little over 33 ETH, which is enough to be an Ethereum 2.0 validator.
Only a few hundred people have a day zero set. Lucky to be one of them.
memecoins
clicker/tap games
nfts
these all share simplicity and low barriers to entry. crushing gigabrain stuff in mindshare
and that's fine, these are great for top of the funnel. ppl will eventually make their way into other things too
finally got a top 20 finish in fantasy. my strat:
creators:
- bold: consistency, capture all CT metas
- rasmr & threadguy: vocal & high freq posters, engaging all of CT
SHL0MS: king of misinformation
foobar: mix of technical threads & shitposting, public debatoor
@KyberNetwork
2/ For months, Kyber had been seeing explosive fundamental growth with DeFi integrations
KyberDAO has been on the long term roadmap for a while
new token econ: Deflationary model -> token burn & stake rewards are tied to network usage and governed by the KyberDAO =🍒 on top
Play in pockets of the market where you think you have an edge
By chasing too much at once, you’ll dilute your own ability to generate alpha and won’t have conviction to go in with right sizing
4/ if i missed your project or a label needs a correction shoot me a dm
if it wasn't clear already, NFTs can be a gateway for normies into crypto h/t
@researcher_paul
The matrix is not all inclusive given the rapid growth in # of projects and verticals, good problem to have
just one more L2 bro. i promise bro just one more L2 and it'll fix everything bro. bro. just one more L2. please just one more. one more L2 and we can fix this whole problem bro. bro cmon just give me one more L2 i promise bro.
l2beat currently shows 95 l2s (52 active and 43 upcoming)
but just as a quick sanity check the list misses a number of high profile well funded l2s that went public recently
on top of that there r number of teams i personally know of that r building or strongly considering
Tap to earn/clicker based games are the most viral breakout category re crypto retail interest and it's not even close
notcoin the OG, inspired many variations
Hamster kombat, a more adv. clicker game has 22m+ TG subs, claims 60m+ total users
wrote about how the rise of exogenous rev streams via socialfi is giving creators more surface area to monetize (hydra effect)
for example, it's easier than ever for fans to support and invest in creators like
@boldleonidas
Everyone wants to find the next Chainlink of a bear market
The strongest communities resemble cults. it's all a fight for attention & NFTs are excelling at bottling it up
Think many of the next cults come from NFT communities that achieve escape velocity
$KNC of
@KyberNetwork
has been one of the strongest performers in crypto
ROI if held from Dec 3rd to today: + 335% 🚀
What happened? Why was Dec 3rd such a big clue?
Working ads model on track for April 23th per
@brave
github roadmap.
Worldwide BAT/Brave meet ups set for April 24th.
$77m left in $BAT User Growth Pool. Plenty of ammo.
It is still so early.
#PayAttention
1/ CEXs struggle to capture share in NFTs
Kucoin partnered with Fracton, a NFT-based liquidity protocol to provide easier access to retail
Last 3 days, this has led to ~580 ETH in buy pressure, pumping a few NFT collections. Let's dive into its product and secondary affects
social media is the new sports
🔹playing sports = producing content
🔹leagues = diff social media platforms
🔹athletes = creators
🔹plays = content
🔹scores = attention
why i think metagames built around social media are a big opportunity in a new post below 👇
Over the past 30D, Metamask is generating on average $270k daily from swap fees🤑
That's with just ~2400 Metamask swap DAUs. Crypto wallet competition will heat up as more people realize the size of the market
1/ some ideas: security tips for new wallet users
Rabbithole & wallets collab to create a gamified course for best practices
Dynamic NFTs as "instructions" airdropped to new wallets. Verified by opensea & require acknowledgement before 1st tx. Upgradeable to avoid stale info
each infra chain should be able to succinctly describe a compelling app idea that only their chain can uniquely enable
would be an easier way to understand value prop in a sea of competition imo
1/ Collected some of my favorite concepts from
@0xDesigner
Deafbeef's First First satirical nfts were prescient on the evolution of crypto culture
think 0xDesigner's Design Everydays are prescient on the evolution of web3 usability+usefulness
Highest floor prices across PFPs.
Some recent entrants: Mocaverse jumps to
#9
. Bitcoin Frogs at
#10
. Tensorians are now at
#12
.
And Mad Lads still near the top at
#6
.
Only includes projects w 8000+ supply. Floor price, not market cap.
5/ If you found the doc useful, make sure to keep an eye out for upcoming threads & post
will touch on findings from this exercise, what's missing in the space, and what i believe are the most compelling opportunities in the nft design space going fwd